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Forecast Year
The Brazil amorphous soft magnetic materials market is projected to grow at a CAGR of 5.6% between 2024 and 2032, aided by the increasing applications of amorphous soft magnetic materials across various sectors.
Brazil Amorphous Soft Magnetic Materials Market Report Summary | Description | Value |
Base Year | USD Million | 2023 |
Historical Period | USD Million | 2018-2023 |
Forecast Period | USD Million | 2024-2032 |
Market Size 2023 | USD Million | XX |
Market Size 2032 | USD Million | XX |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 5.6% |
CAGR 2024-2032 - Market by Region | Minas Gerais | 8.5% |
CAGR 2024-2032 - Market by Region | Bahia | 7.8% |
CAGR 2024-2032 - Market by Type | Cobalt- Based | 6.3% |
CAGR 2024-2032 - Market by Application | Transformers | 6.3% |
Market Share by Region | Rio Grande do Sul | XX% |
As per the Brazilian Medical Devices Manufacturers Association (ABIMO), the production of medical devices reached BRL 17.9 billion in 2021 from BRL 13.2 billion in 2020, recording a year-on-year growth of 36%. 63% of all Brazilian hospitals (7,488) are private and the penetration rate of basic equipment is relatively higher than that of specialised equipment. This includes electrocardiographs (86%), ultrasound machines (78%), patient monitoring systems (71%), anaesthesia machines (63%), CT scanners (37%), angiograms (12%), radiotherapy machines (2%), and mammography systems (27%). This is expected to increase the demand for amorphous soft magnetic materials that protect sensitive components of these machines from interference caused by external magnetic fields, thereby driving the market growth.
During 2019-2022, Brazil’s GDP grew at an average of 1.5% annually. Since 2022, domestic solar energy production has surged by 1GW per month, making Brazil the sixth-largest producer globally. This has accelerated the demand for solar power inverters to provide electricity to remote regions of Brazil. This is expected to drive the market growth, as amorphous soft magnetic materials play a critical role in improving the performance and energy efficiency of transformers and inductors. Their low coercivity and high magnetic permeability prevent core losses, which reduces heat generation and enhances the durability of the inverter.
Brazil Amorphous Soft Magnetic Materials Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
CAGR 2024-2032 - Market by | Type |
Cobalt- Based | 6.3% |
Iron- Based | 5.7% |
Fe-Ni-Based | XX% |
Others | XX% |
Market Breakup by Application
CAGR 2024-2032 - Market by | Application |
Transformers | 6.3% |
Magnetic Shieldings | 5.3% |
Flexible Antenna | 5.0% |
Electronic Article Surveillance | XX% |
Magnetic Sensors | XX% |
Others | XX% |
Market Breakup by Region
CAGR 2024-2032 - Market by | Region |
Minas Gerais | 8.5% |
Bahia | 7.8% |
São Paulo | 7.0% |
Rio de Janeiro | XX% |
Rio Grande do Sul | XX% |
Others | XX% |
Based on region, the market is segmented into São Paulo, Minas Gerais, Rio de Janeiro, Bahia, and Rio Grande do Sul. Over the forecast period of 2024-2032, Minas Gerais is expected to grow at a CAGR of 8.5% due to the increasing demand for flexible antennas and magnetic sensors.
The production of amorphous soft magnetic materials is expected to be driven by the increasing demand for energy-efficient inverters and the rising demand for high-tech EVs which provide a comfortable driving experience.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 5.6% between 2024 and 2032.
The different types of amorphous soft magnetic materials processing include cobalt- based, Fe-Ni-Based, iron-based, among others.
The different applications of amorphous soft magnetic materials include electronic article surveillance, flexible antenna, magnetic sensors, magnetic shieldings, and transformers, among others.
The different regions covered in the market report are São Paulo, Minas Gerais, Rio de Janeiro, Bahia, and Rio Grande do Sul.
The key market players are VACUUMSCHMELZE GmbH & Co. KG and Proterial, Ltd., among others.
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